South Korea to Unlock $7 Billion in Iranian Assets After ‘Consultations’ with Biden Admin
2/25/21
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from Breitbart,
2/23/21:
The South Korean Foreign Ministry announced on Tuesday that $7 billion in Iranian assets, frozen in two South Korean banks due to U.S. sanctions since September 2019, would be released to Iran following “consultations” with the Biden administration.
“Our government has been in talks with Iran about ways to use the frozen assets, and the Iran side has expressed its consent to the proposals we have made. The actual unfreezing of the assets will be carried out through consultations with related countries, including the United States,” the South Korean Foreign Ministry said. The exact details of the financial transfer were not disclosed.
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